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Legislation

Corporation Tax Act 2009

Crossheading Deemed debt releases on impaired debts becoming held by connected company

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Section 361 Acquisition of creditor rights by connected company at undervalue
Section 361A The corporate rescue exception
Section 361B The debt-for-debt exception
Section 361C The equity-for-debt exception
Section 361D Corporate rescue: debt released shortly after acquisition
Section 362 Parties becoming connected where creditor's rights subject to impairment adjustment etc
Section 362A Corporate rescue: debt released shortly after connection arises
Section 363 Companies connected for sections 361 to 362A
Section 363A Arrangements for avoiding section 361 or 362

Corporation Tax Act 2009
Deemed debt releases on impaired debts becoming held by connected company

Section 361A | The corporate rescue exception

From legislation.gov.uk

1 April 2026

Provision repealed

The source marks this provision as repealed and does not provide content for this version.

Repealed^F1

Notes

F1
Ss. 361A, 361B omitted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by virtue of Finance (No. 2) Act 2015 (c. 33), Sch. 7 para. 36

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